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Corporate Surplus Auction: 70,000sf Industrial/Warehouse Commercial Building

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Description

The property is a single story 69,824 SF former Industrial/Research & Development/Manufacturing building located on 17.23 acres in Hillsborough Township located in Somerset County, NJ. The building is currently comprised of 7,000 SF of office space, 20,000 SF of warehouse space and 42,000 SF of manufacturing space. In addition, the acreage is sub-dividable. The property features; 22 ft high ceilings – clear to 18 ft with 30×40 spans between support posts, 3,000± SF Drive-in refrigeration room, 4 loading docks and 1 drive-in, and paved on-site parking for 43 cars.

The property is located directly on Homestead Road in Hillsborough Township, Somerset County, NJ the ninth wealthiest county in the US. The property is strategically situated right off US Highway 206, a 130± mile north – south highway in New Jersey and Pennsylvania and is centrally located with close proximity to New York, Philadelphia, and Allentown, PA.

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 35-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: $100,000 in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspections

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 35-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: $100,000 in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspections

Auction Info:

  • 2011-10-25
  • Property Type
    Commercial
  • Property Location
    279 Homestead Road, Hillsborough, 08844
  • Auction Location

Property Map

Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267